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No matter how deep you are in the cryptocurrency market, Scottie Pippen Warns investors about bear traps Bitcoin (BTC) Which certainly wasn't on anyone's bingo card a year ago. But this is 2025, and this is reality.
In his latest post on They believe the asset is about to sell aggressively and go short, only to later short squeeze and liquidate all the sellers with a sudden upward move.
For Pippen, this is a situation where, he says, “they want to get what you want Bitcoin And they want your cryptocurrencies.” It is not made clear who they are, but the basketball player urges not to “get shaken” during the current price decline.
As can be seen in the chart attached to Pippin's post, those who escaped this bear trap may be hoping for a period of renewed optimism on the back of rising prices.
All this can lead to a “fear of missing out” among those who did not join the rally earlier and feel euphoric. This is when, according to the chart, Bitcoin price It will reach its peak and enter a downward spiral, ending in despair.
It will be interesting to see if Pippen's predictions come true. If he is right, the market may have found its new and completely unexpected prophet.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
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